Innovex International (INVX) Gross Margin (2009 - 2026)
Innovex International's (INVX) quarterly Gross Margin came in at 34.16% in Q2 2026, up 217.0% on a YoY basis from 10.77% in Q2 2025, and down 3.39% quarter-over-quarter from 35.35% in Q1 2026.
Analysis
Innovex International (INVX) Gross Margin (2009 - 2026) Analysis & Trends
Innovex International (INVX) has reported Gross Margin for 18 consecutive years, with 34.16% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 217.0% year-over-year to 34.16%; the trailing twelve-month figure through Jun 2026 stood at 32.4% (down 55.0% YoY), and the FY2025 full-year result was 31.0%, down 420.0% from the prior year.
- Gross Margin declined to 34.16% in Q2 2026 per INVX's latest filing, from 35.35% in the prior quarter.
- Across five years, Gross Margin topped out at 45.67% in Q4 2022 and bottomed at 23.02% in Q1 2022.
- Historically, Gross Margin has averaged 32.39% across 5 years, with a median of 32.92% in 2024.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 11115 bps in 2022, then slumped 930 bps in 2023.
- Over 5 years, Gross Margin stood at 45.67% in 2022, then slipped by 20 bps to 36.38% in 2023, then dropped by 7 bps to 33.85% in 2024, then retreated by 15 bps to 28.92% in 2025, then increased by 18 bps to 34.16% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 34.16%, 35.35%, and 28.92% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | TechnipFMC | 30.87 Bn | 29.63 Bn | 1.40 Bn | 50.62% |
| 2 | Nov | 7.72 Bn | 6.56 Bn | 521.00 Mn | 24.41% |
| 3 | Cactus | 4.82 Bn | 4.46 Bn | 215.38 Mn | 47.91% |
| 4 | Enerflex | 2.77 Bn | 2.69 Bn | 139.00 Mn | 23.88% |
| 5 | Innovex International | 2.06 Bn | 1.83 Bn | 83.65 Mn | 34.16% |
| 6 | Forum Energy Technologies | 911.33 Mn | 877.61 Mn | 71.35 Mn | 31.54% |
| 7 | Flowco Holdings | 898.72 Mn | 898.72 Mn | 49.17 Mn | 20.85% |
| 8 | Oil States International | 509.94 Mn | 490.13 Mn | 38.71 Mn | 24.71% |
| 9 | OMS Energy Technologies | 197.41 Mn | 43.45 Mn | - | - |
| 10 | NCS Multistage Holdings | 140.02 Mn | 129.24 Mn | 13.95 Mn | 36.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.16% |
| Mar 31, 2026 | 35.35% |
| Dec 31, 2025 | 28.92% |
| Sep 30, 2025 | 31.64% |
| Jun 30, 2025 | 31.98% |
| Mar 31, 2025 | 31.82% |
| Dec 31, 2024 | 33.85% |
| Sep 30, 2024 | 34.70% |
| Jun 30, 2024 | 35.30% |
| Mar 31, 2024 | 38.35% |
| Dec 31, 2023 | 36.38% |
| Sep 30, 2023 | 35.88% |
| Jun 30, 2023 | 26.67% |
| Mar 31, 2023 | 27.91% |
| Dec 31, 2022 | 45.67% |
| Sep 30, 2022 | 25.45% |
| Jun 30, 2022 | 25.87% |
| Mar 31, 2022 | 23.02% |
| Dec 31, 2021 | -65.48% |
| Sep 30, 2021 | 24.29% |